Coa DEBODENE OC 40 SEMROSE sD 
THE 
BOSTON. STOCK EXCHANGE 
ORGANIZATION 
4E Boston Stock Exchange was organized on 
October 13,1834, and, with a single exception, 
has continued its activities uninterruptedly 
from that date. The exception represented the 
period from July 30 to December 10, 1914, 
and was the result of the chaotic conditions precipitated by 
the beginning of the World War. Even in the panic of 1837 
its operations were continued, despite the necessity on the part 
of some of the other Exchanges to suspend activities for a time. 
The Exchange grew out of the foresight of a small group of 
local men, who realized the important part which an organized 
securities market might play in the business and industrial up- 
building of New England, and of the country as a whole. That 
its scope, in the beginning, was broad enough to include the 
financing of our developing foreign and domestic trade, is in- 
dicated by the first public notice which is to be found of its 
organization. To quote from the Boston Advertiser €T Patriot of 
November 3, 1834: 
“We learn that the greater number of stock and exchange 
brokers in this city have organized themselves in a board which 
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